TNC¿s Strategies and New Globalization Patterns
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The whole range of strategies pursued internationally by companies today shapes in fact the frame of the economic globalization of our days. An analysis on the new trends in globalization should focus more on the strategies connected with the globalization of production and services and with a fresh focus on the arbitrage of the "functions" of the global value chain. The appearance of new types of business and new trade patterns on the international stage has led to the restructure of worldwide competition. "Traditional" competition between companies is replaced, in the context of the "globall...
The whole range of strategies pursued internationally by companies today shapes in fact the frame of the economic globalization of our days. An analysis on the new trends in globalization should focus more on the strategies connected with the globalization of production and services and with a fresh focus on the arbitrage of the "functions" of the global value chain. The appearance of new types of business and new trade patterns on the international stage has led to the restructure of worldwide competition. "Traditional" competition between companies is replaced, in the context of the "globally integrated businesses" and the new division of labour based on the "functional" specialization, by new types of competition. This has implications on business management and on foreign trade statistics and analysis as well. However, we have to observe that "reshoring", meaning the returning in the country of origin of manufacturing and other activities, has recently started to gain some consistency. Globalization is the outcome of the dynamic management of the "globally integrated businesses" and its tomorrow snapshot will certainly look other ways than it looks today.
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